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the retained earning answer isnt working while everything else is for the balance sheet The management Of Zigby Manufacturing prepared the following balance sheet for
the retained earning answer isnt working while everything else is for the balance sheet
The management Of Zigby Manufacturing prepared the following balance sheet for March 31. Harch 5 93,000 5 704,800 96.600 500 000 g payable 31 J. 920 ooo 348,000 463,000 S R9,goo Equ S 626,000 depreciation Equ i t y goesr.ed Total equity To prepare a master budget for April. May. and June. management gathers the following informatim. a. sales March total 21,800 units. Budgeted sales in units April. 21.800: May. June, 21000. and July. 21.800. The product'S selling price is $23,00 per unit and total product cost is $8,00 per unit. b. Raw materials "wentory consists so'ely of direct materials that cost $20 per pound. Company policy calls for a given month's ending inventory to equal O' the month's direct materials The March 4.830 pounds. The budgeted 30 ending materials irwentory 5.300 pounds. Each finished unit requires 0.50 pound o' direct materials. c. Company policy calls 'O' a g'vcn month's ending finished goods inventory to equal 80S of the next month's budgeted unit solos. The March 3' goods inventory iS 17.440 units d. Each unit requites 0.50 hout o' at a Of SS por hour The predete'mined overhead SOOO per direct hour. Depreciation o' $30,750 month the fixed overhead item. Sales Commissions o' O' Sates in the month of the sales_ The manager'S monthly $4,300. g. Monthly and administrative expenses include "5.000 administrative salaries and 0.7% on the
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